• Cfpb

    CFPB corrects error in TRID rule

    Lending

    Falls victim to the dreaded 'typographical' error


  • Lending

    Falls victim to the dreaded 'typographical' error

    It’s been four months since the implementation of the CFPB’s TILA-RESPA Integrated Disclosures rule in October shook up the housing industry, and many in the industry are still getting used to the new normal. But, starting Wednesday, there’s a small portion of the TRID rule that will be changing, thanks to a “typographical error” in the supplementary information provided by the CFPB.

This month in
HousingWire magazine

Cover Story
February 2016

Global reach: Exploring the risks and rewards of offshore mortgage servicing

Sometimes offshoring sounds like a bad word. In reality, offshore mortgage servicing simply means using remote staff, usually to take advantage of lower labor and overhead costs and round-the-clock staffing availability. But legitimate questions remain. In the midst of increasing compliance pressures, is offshoring a sound strategy for mortgage servicers looking to stay competitive, or a fast track to dissatisfied customers and trouble with the CFPB?

Commentary

Why conservatorship of Fannie and Freddie must end